SAN FRANCISCO (TheStreet) – Controversy over Apple's (AAPL) "Bendgate" and iOS 8.0.1 update kicked its shares lower Thursday, prompting the iconic electronics maker to close down 3.81% at $97.87 a share. While the broader markets also posted a decline, Apple's two problems didn't help its situation.
For those not familiar with "Bendgate," allegations are surfacing that the larger iPhone 6 Plus, which features a sizable 5.5-inch display, bends when it's in a user's pocket. That potentially spells bad news for Apple, which has touted record sales of its new iPhones.
The company issued a formal response late Thursday, telling several publications, including The Wall Street Journal and CNBC that only nine customers had complained of the bending issue, and that it was extremely rare under normal usage.
ALERT: Apple says only 9 customers have complained to the company about bent iPhones. (via @jonfortt)— CNBC Tech (@CNBCtech) September 25, 2014
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Apple's stock also faced the double-whammy of the company retrieving its iOS 8.0.2 software update after releasing it. The company's latest update to its mobile operating system, iOS, reportedly caused cellular service to drop and Touch ID function screen problems on the phone.
Yahoo! (YHOO) investors panned the stock, sending it down 2.33% to close at $38.95 a share.
The Internet giant faced the wrath of its shareholders after disclosing in a Securities and Exchange Commission filing that its Alibaba shares were subject to a one-year lockup, in which they can't be sold. Here is what the filing says: